Building Briefs – July 1
A YORKSHIRE charity is set to benefit from rental income received from five new tenants at its Bradford base.
Acting on behalf of The Lighthouse Group, a Christian education Charity, the Bradford office of chartered surveyors Eddisons has successfully let over
85% of the available office space at the Bradford Centre of Excellence, including suites to Handelsbanken, the National Bank of Sweden, Technick, a design company based in Hertfordshire and, Stockport based Bancroft Textiles.
All deals were completed off an asking price of £15 per sq ft and once fully let the building will generate approximately £80,000 per annum for the charity.
The Centre of Excellence is also the new 10,000 sq ft headquarters of The Lighthouse Group which helps young people who are at crisis in their education.
In addition to the 16,500 sq ft of office space the centre has a full size sports hall, coffee shop and reception facilities.
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THE two remaining floors at One Park Lane in Leeds have been let to existing tenant Callcredit Information Group.
Atisreal acted on behalf of Accenture on the lettings.
Credit reference agency Callcredit has taken a further 22,900 sq ft at the office building and has also agreed to take an assignment of Accenture’s existing lease which expires in 2014.
Callcredit began its expansion in 2005 when it acquired 26,000 sq ft on the fifth and sixth floors at One Park Lane. In 2006 the company took a further 6,000 sq ft on the ground floor and last year signed up to occupy an additional 10,000 sq ft.
The latest letting means Callcredit’s total space at One Park Lane is now in excess of 59,000 sq ft covering six floors.
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ACTING on behalf of Gladmans Developments, DTZ has advised on the sale of another new warehouse unit at Cosmic Park in Sherburn-in-Elmet for an undisclosed sum.
OLCI Construction has purchased Unit 4, Pluto, which comprises approximately 5,700 sq ft. The company will utilise this new facility for training courses for the construction, plumbing and electrical industries.
The property is located on Cosmic Park which is approximately four miles east of Junction 42 of the A1(M).
Paul Mack, associate director at DTZ, said: “We are delighted to have successfully sold yet another unit at Cosmic Park. There are now only two units remaining and with the current amount of interest we anticipate that these units will be occupied extremely quickly. Phase two of the development has now begun and includes the speculative construction of a single facility of approximately 28,000 sq ft, which will be available by the end of the summer on a freehold or leasehold basis.”
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SHEFFIELD’S joint biggest hotel took another step closer to its opening as developers took the wraps off its contemporary southeast facing elevation.
The latest stage of the hotel’s construction, based behind the Westfield Corner Stand of Sheffield United’s home ground, has seen the outside of the building clad in a veneer of silver eurobond insulated cladding panels close to the rear of the Capital One Stand.
The £17m project is a result of a link-up with prestigious international company Millennium & Copthorne Hotels to operate the four-star hotel, which will include 158-bedrooms, executive suites, a modern bar, fitness suite and restaurant.
The hotel is set to complement the club’s existing leisure and conferencing facilities at the stadium.
The project is set to be completed in November.
Yorkshire-based company GMI Construction Group is working with the Blades on the development.
